Oil Companies Lost 30,000 Crore Already

Article by Nishant Published on: 12:42 am, 9 May 2026

Global crude oil prices are skyrocketing amidst conflicts in West Asia. While the price of a barrel stood at $70 prior to Iran War, it is currently trading above the $100 mark. At one point, it even reached as high as $144. Nevertheless, domestic prices have remained stable. Consequently, public sector oil companies have incurred losses of ₹30,000 crore.

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